In The News
ACT Research: Average age of used trucks up 4% over 2015
COLUMBUS, Ind. — Used Class 8 truck metrics continued to be mixed in January, according to the latest release of the "State of the Industry: U.S. Classes 3-8 Used Trucks," published by ACT Research.
"Keeping with the seasonal trend of weak early-year sales, used Class 8 truck volume fell 25 percent month-over-month in January, an 18 percent year-over-year contraction," said Steve Tam, ACT's vice president-commercial vehicle sector. "Total used truck Classes 3-8 sales were down 11 percent year-over-year compared to January 2015, with retail and wholesale markets declining, while the auction market posted a significant gain on a year-over-year basis."
Tam said dealers have reported falling used truck values and increasing used truck inventory levels and that supply is outpacing demand and pulling used truck prices down.
"Average mileage of used Class 8 trucks in January was up 2 percent on a month-over-month basis, but remained lower year-over-year," Tam said. "Average age of used Class 8 trucks, on the other hand, rose sharply month-over-month, with a 4 percent increase when compared to January 2015."
The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data.
In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
The Trucker staff can be reached to comment on this article at [email protected].